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UPS Teamster Magazine, Summer 2011 - International Brotherhood ...

UPS Teamster Magazine, Summer 2011 - International Brotherhood ...

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NEWS SUMMER <strong>2011</strong><strong>UPS</strong> <strong>Teamster</strong>sto Receive 12-CentCOLA Increase————— Inflation Relief Kicks in August 1 —————<strong>Teamster</strong>s who are seniority employees<strong>UPS</strong>and who have completed their appropriatewage progression schedule will receive a 12-cent-per-hour cost-of-living adjustment (COLA)effective August 1, <strong>2011</strong>, as set forth in the NationalMaster <strong>UPS</strong> Agreement.Those employees who are in a wage progressionat that time will receive the increase once they completethe progression.These payments are in addition to the scheduledgeneral wage increase of 42.5 cents per hour, alsoeffective August 1, <strong>2011</strong>.Article 33 of the National Master <strong>UPS</strong> Agreementprovides for a COLA in the event that the ConsumerPrice Index (CPI) indicates a significant increase ininflation. The CPI increased 4.1 percent at the end ofMay from the prior 12 months, thus, the COLA inthe contract was triggered.“This is fantastic news for our members, especiallysince so many Americans continue to feel thepain of rising gas and food prices,” said Ken Hall,<strong>International</strong> Vice President and Director of thePackage Division. “This COLA will become andremain a fixed part of the base wage rate for alljob classifications.”Employees who have not completed their appropriatewage progression on August 1, <strong>2011</strong> willreceive the adjustment on the date they completetheir wage progression schedules.For employees paid under the mileage provisionsof Article 43, the COLA increase will be 0.3(three-tenths of a cent) cents per mile.4 | upsTEAMSTER | SUMMER <strong>2011</strong> | www.teamster.org

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